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're in a very slow economy. so i think that in this particular third-quarter earnings period the chance of a good surprise, a meaningful good surprise or a meaningful disappointment, it's pretty low. the street expects poor earnings comparison. that is what we're going to get. whether you are a couple percent decline or a couple percent gain. it's really not that much different. so it's looking ahead. remember earnings are a trailing indicator. >> so are we going to get a surprise or a disappointment you think from alcoa. everybody looks at this as setting thtone for trading as you mentioned. it will be the first dow component to report. it also when you look at the company, it has businesses in autos, aerospace, packaging, construction, so it is kind of a bellwether for the economy. what will those alcoa earnings tell us. >> well, alcoa reports first all the time, obviously. and i don't think that is a good idea to use that as a bellwether for earnings. think of the sector that alcoa is in. materials are going to have some was comparisons, really, energy and materials are going to be t
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net- jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply-side economics, the level of the top rate does not by itself dictate what happens to gdp. a balanced budget aided by increased revenues just might restore confidence to investors and jump-start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since
. 1457 -- 1456. our next guest is making a staggering call. he says the world economy may be down for the count. that prognosis by brookings called tiger standing for tracking indice for global economic recovery. political conflict, lack of fiscal decision-making are two of the key reasons for the dire warning. >> how does this factor into the market? in today's "closing bell exchange," cornell university professor and senior fellow at brookings, which authored that very study. also with us are savita from merrill lynch. very strong language in the report, global economic recovery hits the ropes but you do make the point that the u.s. certainly looks better than everyone else. so, the key question is, can the u.s. avoid catching the world's cold? >> that's a literal statement. the u.s. looks better than other xhis in the world but it's not a great spot to be in. with the amount of policy and political uncertainty, the u.s. -- even the u.s. recovery staying strong is certainly not a sure thing. they'll be buffeted by headwinds from abroad because china and india are not doing well.
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is coming from well-informed secretary of the treasury. you think about this, there is a value in running scared. if you think about after 9/11, the terrorist attacks, one thing the country did collectively is they set up tsa, the screening at airports. there are all kinds of work, very significant work done to
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the so the weak growth we've had since then has been difficult for the unemployed. we have a lot of long-term unemployed, that's been a record -- in the past it's at record levels. and we've talked about the crisis of long-term unemployment. hopefully it will pick up soon. host: let's take some calls from our guest and we want to hear about your job suation. caller: good morning. host: pl
's mostly about the economy. >> i'm going to agree with jonathan here. this is an election certainly about the economy. when they go into the voting booths on voting day, it's about the economy. i think romney has the opportunity here and needs to take it. to link obama's economic policies with his foreign policies, i don't think he should go after romney on the philosophical differences between his foreign policy and obama's. frankly, it's hard to figure out what obama's foreign policy philosophy is. he needs to talk about broken promises and incompetent and link the broken promises and incompetent and the foreign policy to those in the economic policy. i thought the speech today was good. it gave the right and his supporters some red meat. they like to hear things like leading from behind and all of that, but i hope he saves up some ammo for the foreign policy debate and lays out an argument we've talked about of criticizing obama's foreign policy from the left. what do you think about that, john that? >> i think there are places where that's do y-able where yo can criticize it from the
is this -- or is this a larger statement about the economy as a whole? >> well, i think it has a little less to do with the economy and a lot to do with production. there's some riding going out, and there's rumors that it's going to cause all kinds of production problems. heading into the christmas season, that can't be a good thing for apple, and that's really why it was selling off so big. don't be shocked if we see some buying tomorrow. there are a lot of people taking off today for columbus day, um, so, you know, i'm not going to put too much stock in kind of apple's move or the market overall -- david: although it traded down at the end of the day. i've got to tell you, it traded down below 2% going into the end of the trading day, so that's not a good sign for the beginning of tomorrow, is it? >> not at all. off almost 10% from the highs. but, you know, tomorrow we'll see whether the big institutions step in and start buying. you know, this is one of those weeks where there's really not a lot out there, right? we've got the vice presidential debates, we have little economic news. we do have
what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is saturation information for the small number of swing voters. and even if obama beat romney by 20, 30 million, that won't make the difference. obama will have to improve his performance in the debates. >> a gallup poll has romney and obama tied at 47% each. >> that's early for gallup. >> right here. >> their daily track comes out at 1:00, but this could be a different mole. i'm not aware of this new poll. >> this is one they took afterwards. it's just -- >> i'm hearing about it for the first time. >> i think it just hit
-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the
economic statistics as much as you like, but people know their own economy and their own lives. he's trying to put against that by saying there are joshs in the ground we will dig up presumagely by pulling away from environmental regulations. he's talking really about fracking. that's his plan for ohio. if ohio people think that's a great plan to get them jobs, them they know who to vote for. >> karen, romney was in iowa today voicing his opposition to another source of revenue, the estate tax. take a listen to this. >> my own view is we ought to kill the death tax. you paid for that farm once. you shouldn't have to pay for it again. >> last year up to $5 million could be passed on without incurring estate tax but i guess in romney's case he's talking about $50 million to each one of his five sons. the least you can say is that romney puts hits family first. >> oh, absolutely. you know, and i'm sure if he actually explained that to the voters that he was talking to that really he's talking about that $50 million, they could all relate just perfectly, right? i mean, here is the problem, agai
. he was quoted as saying that he thought the economy was performing at near full potential. now, first of all, when we decide that 1.5% growth is near full potential, we are in terrible trouble. and i would say geithner suffers from an amazing lack of ambition for this economy. i actually think that's what's wrong with the entire obama administration, they have a lack of ambition for this country and what it can and should do. but i would also say if he believes that, that tim geithner believes that a public sector job is equivalent to a private sector job. it's not that public sector jobs aren't important. teachers are important, firemen are important, nurses are important. but a public sector job doesn't pay for itself. taxpayers pay for it. a public sector job doesn't create other jobs. a private sector job pays for itself and creates other jobs. i frankly found his statement shocking. both because of its lack of ambition and because of its misunderstanding of what actually drives growth. it's not public sector jobs. >> let me ask you this, under reagan's recovery, were we laying of
like being addressed in the campaigns themselves. you can see the economy at the top. it is jobs, the federal debt and cutting government spending. people feel there's a good amount of waste and they think of having a smaller government to avoid that kind of waste. there are concerns of a future terror attack, health care, when we look specifically at how people manage if the recession, and three in 10 looking for work. since the time of the recession. those who don't think -- people have gaps on health insurance and the housing debacle, and mortgages are underwater. that is a sense of an overview of research we have done. and polarization doesn't -- in another sense doesn't need to describe our body politics. thank you very much and if you have other questions we would be delighted to answer them. [applause] >> i don't know if this is done or not. you brought a lot of problems issues. there are a lot of issues being tracked and you have everything from conservative to liberal and republicans and race divisions and religious affiliation north and south and all these things. based
of everything, and agriculture, oil and gas, natural resources. our recreation economy is $3 billion a year in this state to make sure we have opportunities for recreation out there. do not tell me it can be just one industry. it has to be a bunch of industries out there. >> thank you. we have run out of time for questions. and we will give each candidate to minutes for closing statements about their campaign to be montana's representatives in the u.s. senate. senator tester will go first, followed by rep river. >> i want to thank everybody in the audience and on the panel and everyone who is listening tonight. how many people in this audience are from the silly -- the city of billings. raise your hand. thank you very much. congressman rewhberg is suing each and everyone of you. i have talked about montana and people working together. the first thing you do when you've got a grass fire, the firefighters put it out and they put their but on their line and you do not respond and say thank you by filing a lawsuit, which is exactly what he did. that is not moving the committee forward. it has b
issue is what are we doing on taxes on the constructive part of the economy. we have to adjust them. >> george bush in 1990 entered into a deal and it was supposed to be balanced. the trade-off was to reduce spending. the higher taxes, for sure. reducing spending, we are still waiting. the negotiations are complex and there are many pieces to it. everything could end up being on the table. but there's no question that you have to occur long-term medical care entitlement costs. the number one spending program in the federal government. and will have to be looked at the health care reform and a bunch of other things that are complex. you cannot do one without doing everything. >> briefly i want to ask each of you whether you are optimistic or pessimistic, the things you think need to be done to restore business competitiveness can be done over the course of the next four years, however wins the election on november 6? >> i am highly optimistic. 100% certain it can all be done. the question you're asking is will they? i think there is going to be enormous pressure from business communi
roadmap starts off in china. a lower economic forecast from the world bank? is their economy getting even worse? >> earnings season here begins tomorrow with alcoa, costco, jpmorgan highlighting the week. we'll tell you why alccoa is a tell on how earnings will go. >> more worries for apple investors. reported work stoppages at foxconn. the stock now below the 50-day moving average. >> and huawei is sparking new concerns about cyber security. >> we begin with markets around the globe under pressure on global slowdown worries. 7.7% growth in china down from a previous forecast of 8.2%. the world bank citing weak global demand due to the european crisis and a slow u.s. recovery. data from europe showing industrial output in germany fell .5% in august. lots to digest. the world bank note was interesting. what they pointed out was a lot of chinese cities that had these aggressive and ambitious spending, stimulus plans to rebuild the cities might have trouble running into funding for these projects. >> i think a lot of the data that we see today is catch-up. there's just not a lot of good news
that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build roads in the suburbs when they put it in the cities. guest: sir, i'm not aware of that. you maybe referring to oneqrnsñf the transportation bills that passed. you confess that the funding mechanisms for those projects are very complicated. i'm not sure that i can be much help in your question. host: cleveland, ohio, democratic caller. caller: all you republicans keep saying the obama economic program didn't work. what happened, kennedy died, there was no control of the senate, you republicans filibusterrered 275 bills in 2010. they effectively killed the total obama economic agenda. we've had over the last four years the republican austerity. the vets jobs bill was filibusterrered. four republicans crafted the bill and when the bill came to the floor, 58 members on the floor, 42 rep
the world and around this country and especially in the economy. the president has said he was too polite. advisers intimate he's going to be more aggressive obviously. but still, joe biden is joe biden. he's the regular guy. joe six-pack from scranton. president obama, that's not his persona. having said all that, i think it's a fair assumption we're going to see a much more aggressive president obama on tuesday night. >> okay. mike. as always many thanks. we're getting an update on what the gop candidates are doing today in just a minute. >>> first president obama may be reaching out to younger voters next week with another appearance on "the daily show with jon stewart." stewart criticized the president's performance in that first debate so there may be a few jokes at his expense. president obama will do the show on comedy central this coming thursday, two days after the second debate with mitt romney. >>> superstar bruce springsteen is on the road this week. he's singing the praises of president obama. and on thursday the boss will be joined by former president bill clinton, another b
talking about today? are they still talk about differences on job, on economy, on health care? uh-huh. no. no. no. the number one issue that has taken hold more written about, more spoken about more than any other issue is big bird. yes, indeed. we remember mitt romney pressed to say, okay now look you say you are going to cut all of these programs. let's get real. give us one example of programs you are going to cut. >> romney: i'm sorry, i'm going to stop the subsidy to pbs, i like big bird, i actually like you too. >> bill: oh boy. it's so stupid just so stupid to lay that out there. this has been a classic republican attack line going way back. i remember when newt gingrich was speaker his number one issue, number one issue as speaker of the house of representatives was to cut all funding for pbs and big bird and all of the rest on sesame street. it never went anywhere. and you know why it's not going to go anywhere? because big bird is too popular and doesn't cost much money. if you are alive, right? you know pbs and enjoy pbs, if you have ever had kids o
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candidate mitt romney tipperary break -- took a rare break talking about the economy and slammed the policy in the middle east. >> it is clear the conflict is higher now than when the president took office. >> trying to seize on the president's handling of last month's attack in libya. >> i know the president hopes for a safer freer, and more prosperous middle east, allied with us. i share this hope. but hope is not a strategy. >> the candidate went to an impromptu third stop after 100 middle school kids waved at his motorcade. romney's numbers are up and they appeared to be tied. the president continued his california fund-raising swing which is expected to bring in $10 million over two days. the president attended a dedication to the cesar chavez national monument. >> our world is a better place because cesar chavez decided to change a. >> a poll out today shows romney with a four-point lead among likely voters. the gallup poll has the president of by four. both men are expected to be in ohio tomorrow and the focus is expected to shift back to the economy. >> thanks. in the meantime, it i
economy is once again waying on the markets here in the united states. investors are also cautious ahead of the start of earnings season which unofficially kicks off tomorrow when dow heavyweight alcoa reports after the closing bell. right now the dow is down 28 points. >>> bp will sell its texas city refinery to marathon petroleum for 2 1/2 billion. the deal which is expected to close early next year also includes a portion of the british oil giant retail and logisticses network in the southeastern part of the united states. >>> general motors is revving up its workforce. they plan to hire up to 1500 employees for new information technology center in warren, michigan. this is the general motors second of four planned i.t. facilities in the u.s. that's the latest from the fox business network giving you the power to prosper lori: finally some good news for futures market investors who had money tied up with perigrine financial. you remember last july, russell wasendorf senior attempted suicide. which resulted in discovery of a 20-year fraud and loss of $20 million. vision financial broke
out a plan for turning this economy around and getting things moving again. he had a fact based critique of president obama's failed policies that the president was unable to respond to. and today and since then the obama campaign they remind me a little bit of a 7-year-old losing a checker game instead of being frustrated at the outcome they sweep the board off the table. the fact is if president obama is re-elected as governor romney pulled out we are going to have continued chronically high unemployment and we are going to have continued massive staff instead of moving toward a budget. healthcare premium also continue to rise 20 million americans will lose their employer based health insurance on obama care and rake 716 billion from medicare. governor romney will have a different approach that will move this country in the right direction. that's what they are frustrated about, george. >> we will preview the vice presidential debate. what should we hear from joe biden? we will all be watching that this thursday. >> time for the first degree weather update with maria molina. >
care. a big psychological boost for the economy the unemployment dropped below 8% for the first time in three years but conspiracy theorists are claiming that the books were cooked but experts are saying that that is crazy. tom skilling has details of a chilly weekend. hi, i'm amy for downy unstopables in-wash scent boosters here with my favorite new intern, jimmy. mmm! fresh! and it's been in the closet for 12 weeks! unbelievable! unstopables! follow jimmy on downy.com for free samples era laundry detergent is a black belt stain fighter. it once stomped a stain with such force, the results could be felt around the world. [ explosion ] [ alarm buzzing ] [ rumbling ] [ people screaming ] it was such epic stain fighting even chuck norris could respect it. twice the stain fighting power as the next leading liquid value brand. era, the only detergent that's chuck norris approved. >> the national unemployment rate is down but that doesn't mean the economy is coming along the rate unexpectedly dropped to 8.7 percent last month which is phil lowe
takes aim at a chinese tech company over security concerns and the slowing chinese economy also pulling down our markets. so how do you play china right now? pain at pump. gas prices in california top $5 a gallon in some places and the governor's jumping in to intervene but the question is, is that really going to do any good or is the market going to decide the price? >>> and political roulette. the key swing state of ohio making a big bet on casino gambling. brian schactman has more on the new jobs and new opportunities from cashing in on sin. >>> but first, tyler is off today so bob pisani is my partner for the army. down at the nyse. >> pleasure to be here, sue. concern about china's slowdown raised by the world bank putting pressure on the market today. europe's been closed for about 1 1/2 hours right now. china now back to us after a week off. that sector to the downside as well. most of europe was weak here today. france, spain and italy all to the downside. euro a little weak. on days when the euro is weaker, the dollar stronger. typically our markets are to the downside as well
. >> our entire premise of the tax reform plans is to grow the economy and create jobs. it's a plan estimated to create 7 million jobs. we think that the government taking a 28% of a family or business. income is business president obama thinks the government ought to be able to take as much as 44.8% of a small business's income. if you tax every person and successful small business making over to hundred $50,000 at 100% it would only run the government 90 days. we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those untruths, i believe he had to do some of that because the only thing paul ryan was doing was complementing what romney was doing, which
saturday night here in d.c. with a 90 minute debate that covered everything from the economy, entitlements, foreign policy, and the media. but the only drama from the event apparently fans watching online say the video service crashed, forcing them to miss entire portions. organizers say those viewers are eligible for a refund. you really wanted to see it. >> because there were so many people on it? >> apparently. >> that's amazing. >> good. >> that's nice. fun to have a little fun with it. >> absolutely. >> but smart fun. >> it is smart fun. >> i like it. >> very timely. >> what's going on, gwen? >> cool, cool, cool conditions. mother nature is really dishing it out today. we can say it's cool out there. chilly, nippy out there. sweater, jacket, whatever you need, pull it together, you'll need it today. also, you'll probably need your umbrella as well. if you're planning anything outside for this holiday, be prepared, keep your eyes to the skies. definitely a chilly columbus day. and we've got rain on the way as well. keep the umbrella handy. sun will return the early part of the week and
the economy is the biggest ticket item. reporting in washington jacqueline fell ktvu channel 2 news. >>> it's been called the worst wild fire season on record and the forest service ran out of money to fight the flames. at the end of august funding ran out to pay for the firefighters, fire trucks, and aircraft that fight the flames so the department of agricultural which runs the forest service borrowed from other forest management programs the ones that aim to prevent the big fires to begin with. congress only provided half the $1 billion it costs to fight the fires this year. >>> new report is calling u.s. navies explanation for radiation contamination on treasure island inadequate. california health regulators says the report does not exemployer the possibility that the base may have been dusted with radio active ash or soaked with aid owe active sewage. . the navy acknowledges the history was more wide spread than they thought. >>> british researcher john gerdon were awarded the prize for discovering that certain cells of the body can be reprogrammed into stem cells. it's a discovery th
of this campaign which is the economy. >> john, i want to ask you about mitt romney and his foreign policy advisers and how he would differ from president obama. there's an interesting piece "new york times" in the today by david sanger, what he says of mr. romney. beyond his critique of mr. obama as failing to project american strength abroad, mr. romney has yet to fill in many of the details of how he would conduct foreign policy toward the rest of the world. and he also points out that romney has a disparate and politically fractured team of advisers that include warring tribes of neoconservatives and others. is there a coherent strategy that's coming from mitt romney on foreign policy, or is it a work in progress? >> it's absolutely a work in progress. and in part that's because you don't really know what a president's going to do until they're faced with these decisions. as david sanger wrote in his book about what president obama learned in the early parts of this presidency here, there was a covert operation going on with iran he had known nothing about when he was a candidate, that immediat
that's far, far secondary to the primary issue of this campaign which is the economy. >> john, i want to ask you about mitt romney and his foreign policy advisers and how he would differ from president obama. there's a piece in "new york times" where he says of mr. romney beyond his critique of president obama failing to show strength of u.s. abroad he has a fractured team of advisers that include warring tribes of neo-conservatives and others. is there a could herren strategy coming from mitt romney on foreign policy or is it a work in progress? >> it's absolutely a work in progress and in part that's because you don't really know what a president will do until they are faced with these decisions. president obama arrived to learn there was a covert operation going on with iran he had known nothing about when he was a candidate. that immediatelying changed his position on iran and engagement with iran. governor romney is taking advantage politically but there's no bright lines. >> who are mitt romney's senior foreign policy advisers. we both covered the campaign of george w. bush when
of the economy, 3 1/2 years off the bottom of the market, up 115 some odd percent, and yet sentiment still remains extraordinarily negative, with people putting money into bond funds and taking the most overvalued asset class and taking money out of equity funds. so, the sentiment is more reflective of a market bottom, not a market top. >> hank, at the same time it looks -- >> guys, i don't think sentiment is quite as negative as the gentleman is stating. let's not focus on what they say. let's focus on what they do. last month we saw huge inflows into u.s. stock etfs. $18 billion versus $3 billion in august. in addition to which this entire rally since the end of june has been predicated on multiple expansion. that's positive sentiment. none of this has anything to do with economic growth. because the fact. matter is, it's just not there. profit growth isn't there, either. we're going to be down 2.6%. i think sentiment, actually, is way stronger than what the earnings would suggest it should be. >> scott, give us some takeaways of what people should do here as they look forward earning se
their administration -- the mediocrity of the economy, the failure in foreign policy and so forth. and let's face it, joe biden has had his share of being the punch line on the talk shows and the comedy shows quite a bit, and there's always that opportunity with joe biden we're going to see some major gaffe again. >> all right, so, let's see if the kids in college for thursday night start a drinking game for how many times they hear big bird mentioned between the vice president ticket-holders. jonathan capehart, karen finney and john brebender, thank you for joining me. >>> joining me in studio, ohio state senator nina turner. great to have you here. i know you've been listening to the conversation about ohio, so let's dig in. their voter registration deadline is today. both candidates are in ohio today, really trying to blanket that state and get their message heard. so, we have both men lasering in on ohio. the president's going to be in columbus. romney and surrogate chris christie are going to be in cuyahoga falls. we saw the polls, romney closing in states like michigan and wisconsin. do you th
sure i help the american farmer and i help the economy and get america work again. >> to that end today, mr. romney again said that he would eliminate the estate tax, the so-called death tax and went further as he has on occasion during this campaign to say that he would eliminate capital gains and interest in dividends taxes on the middle class. all in an attempt to spur the economy. shep. >> shep: carl, what's the thinking on governor romney's bounce in the polls since that first big debate? >> they are very pumped here. the romney campaign is quite excited. they say there is more to come. they're building and talking about their ground game, grassroots, 4 million people have been contacted here in ohio alone. 4 1/2 million. that's more than a third of the overall population. the polls have ticked up. romney has closed the gap, leading in some of the national polls, within the mar i didn't know of error, and in most of the battle ground states, he's either closed the gap and in a couple of cases, gone up by a point or two. these are swings in the polls. he's eliminated any bounce the
would wish that all the social issues would just go away, and they could just talk about the economy, talk about taxes, talk about regulations, talk about getting people back to work. i think and i don't know but just judging by his record over the past ten years, i think he sees abortion as a sort of maddening distraction from what he considers to be his main agenda, which is work and jobs. >> do you -- okay. do you really think he thinks that, that it's something that -- you don't think he has a gut feeling about it, a belief? >> i don't think he has a core conviction about what the federal government should do with abortion. again, you look at how much he's gone back and forth. again, there are a lot of republicans, there are a lot of conservative republicans, mike, who -- what? >> i believe it's an impractical issue for anybody trying to run for president as a republican. i'm asking what you think he believes. >> that's what i'm telling you. all you have to do is see how many times he's changed on abortion to know this isn't at his he core. you can look at his record and know wha
/11. that has been a major item on the american agenda. at the moment, it is still about the economy if you ask voters, their number one concern seems to be the concern of jobs and the jobs must be at the top of the ticket. there has been a change. in the example of that, the romney camp has said it is less about making this about president obama's trip of the economy and much more about looking ahead in saying that mitt romney can do a better job in terms of generating those jobs quickly and getting a trajectory of the recovery to speed up. jon: when mitt romney made his speech at the virginia military institute, he pointed to a lot of the president promises on foreign policy and what he calls failures or mistakes and essentially said that this president has left us less and less safe after four years in office. does that resonate with voters? >> i think that he is wrong that debt and deficit is number one. jobs is numbe it adds a sense of bad news amongst the administration, number two, it does hamper obama's ability to press his advantage on foreign policy, which he did have because of the m
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